Greg’s new results reveal a 3.5% increase in the third quarter despite staffing and supply chain disruptions.
The bakery chain said Tuesday that it will continue to plan for opening new stores due to strong annual sales. Greggs is set to open 150 new shops in 2021.
– Advertising –
Gregs said the deal was particularly strong in August thanks to the “stay” effect. By the year, they had opened 84 new shops and traded a total of 2,146 stores in the UK.
“Gregs has not been affected by well-known pressures on staffing and supply chains, and has disrupted some of the availability of the ingredient and product workforce and supply over the last few months,” the group said. said in a trading statement.
“Inflationary pressures on food inputs are also increasing. Short-term protection is a result of future purchase positions, but costs are expected to increase between the end of 2021 and 2022.”
Commenting on the results, Third Bridge analyst Ross Hindle said: Temporary interruptions of some ingredients can reduce the range of the group and interfere with current momentum. ”
